Russian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey. Russian news agency Tass reported that Gazprom Continue Reading

The steady decline in crude oil prices from 2014 peaks above $100 per barrel has left lasting impacts on the economy of OPEC-member Angola, the International Monetary Fund said. Angola Continue Reading

Mexico’s record-low refinery production and growing consumer demand helped push US gasoline exports there to a new high in October, a trend that has boosted prices in both countries. Gasoline Continue Reading

Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said. Lawyers representing more than a dozen U.S. Continue Reading

India is making a concerted effort to lower its reliance on imported crudes with the government focused on boosting domestic production, promoting renewables and improving the refining process, at a Continue Reading

Brazil’s state-run oil company said it closed on the sale of a refinery on the Japanese island of Okinawa as its divestment streak continues. State-run Petroleo Brasileiro, known informally as Continue Reading

President Nicolas Maduro has again extended the deadline for Venezuelans to stop using their old 100-bolivar bills. Maduro said in a television and radio broadcast address on Thursday that people Continue Reading

Venezuelan President Nicolás Maduro announced the extension for the 100-bolivar notes during a television program… CARACAS, Venezuela—President Nicolás Maduro has again extended the deadline for Venezuelans to stop using their Continue Reading

U.S. refiners exported record amounts of oil products last week, taking market share from struggling competitors in Mexico and the Caribbean. Almost 4 million barrels a day of gasoline, distillates Continue Reading

Irish exploration company Circle Oil said its listing on the London stock exchange will be canceled by the end of the week amid financial strains. “The company’s financial position remains Continue Reading

With oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country’s finance minister said. The Central Bank of Russia this week Continue Reading

U.S. oil prices fell on Thursday after an industry report showed a surprise build in the country’s crude inventories, while Brent futures came off early lows to trade marginally higher. Continue Reading

Crude oil prices edged higher in early trading Wednesday in thin volumes amid expectations OPEC will hold the production line, though doubts persist. Members of the Organization of Petroleum Exporting Continue Reading

Following an announcement regarding an increase in oil production, Iran’s oil minister said there are no guarantees an OPEC production ceiling will be enforced. Iran is the only party not Continue Reading

Roughly one person is being lynched in crisis-ridden Venezuela every three days as frustrated residents take revenge on suspected criminals, a monitoring group said on Wednesday. The Venezuelan Observatory of Continue Reading

China aims to cap total primary energy consumption at around 4.4 billion tons of coal equivalent in 2017, the director of the National Energy Administration (NEA) said on Wednesday, close Continue Reading